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7 Results for Tag: payday

Back-to-Back Loan

DefinitionA Back-to-back loan is a loan agreement between entities in two countries in which the currencies remain separate but the maturity dates remain fixed. The gross interest rates of t

Back Months

Back Months What is 'Back Months' The available futures contracts for a particular commodity that possess expirations or delivery dates furthest into the future. Also referred to as deferr

Payday Loans

DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are also sometimes referred to as "cash

Day Loan

Day Loan What is 'Day Loan' A temporary transfer of funds from a bank to an individual broker or a brokerage firm that is made early in the day for the purchase of securities that same day

Underbanked

DefinitionThe underbanked is a characteristic describing people or organizations who do not have sufficient access to mainstream financial services and products typically offered by retail b

Unbanked

DefinitionThe unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these

Back Charge

Back Charge What is 'Back Charge' A billing made to collect an expense incurred in a previous billing period. A back charge may be an adjustment due to an error, or it may be to collect an